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Local councils across the UK had a pension shortfall totalling £54 billion
last year, according to annual accounts published today. Birmingham,
England’s largest council, had a deficit of £1.3 billion, equivalent to
£1,292 per head of the city’s population.

An analysis of the latest council accounts for 2010-11 show that 14
authorities had a shortfall of £500 million with 165 local authorities
having deficits of more than £100 million. Each of the 101 pension schemes
in the UK had greater liabilities than assets.

The study by the TaxPayers’
Alliance shows that the deficits have fallen markedly since 2009-10,
when pension